Business &amp; Accountancy Daily

Restructuring & Insolvency

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Business | Byron Burgers to close half its restaurants

Mid-range burger chain, Byron Burgers, is going to close nearly half of its restaurants as the chain faces potential insolvency

11 Jan 2023

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Business | EY hires global CFO as plans to split firm progress

With the timing for plans to give partners a vote on splitting up the Big Four firm still to be confirmed, EY has appointed Jamie Miller as CFO of the proposed new public entity

11 Jan 2023

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Tax | MPs ask HMRC to explain long phone waits

The Treasury Committee has picked up on the growing number of complaints about HMRC’s call centre with some taxpayers waiting on the phone for more than an hour

10 Jan 2023

Tax

HMRC

Politics

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Tax | Q&A: tax, funds and spread betting

In this week’s Q&A, Croner-i VIP tax advisor Ewan Edwards, considers the income tax implications when investing in a business with funds generated from spread betting profits

10 Jan 2023

Tax

Personal Tax

Tax Compliance

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Business | Energy support for business cut from April

Businesses, charities, and the public sector will receive limited energy discounts from 1 April in a year-long £5.5bn package announced by the Chancellor

10 Jan 2023

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Business | Guaranty Trust Bank fined £7.6m for AML failures

The Financial Conduct Authority (FCA) has fined Nigeria’s Guaranty Trust Bank (UK) Limited £7.6m for failures in its anti-money laundering (AML) controls

10 Jan 2023

Business | Armstrong Watson acquires Joseph Miller

Armstrong Watson has strengthened its presence in the northeast with the acquisition of accountancy firm Joseph Miller

10 Jan 2023

Careers

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Business | Fraudster jailed for £3.4m Ponzi scheme

A fraudster who claimed to be an investment manager has been jailed for three years after running a Ponzi scheme which led to almost £1.1m in losses

10 Jan 2023

Called to Account

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Business | Big Four earn £1bn from public sector consulting

The public sector spent a record £19bn on strategic suppliers from IT and telecoms to Big Four consulting firms

10 Jan 2023

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Finance | IASB to amend IAS 12 to reflect 15% base tax rate

The International Accounting Standards Board (IASB) has proposed amendments to IAS 12 Income Taxes to reflect the introduction of the 15% global base tax rate

10 Jan 2023

Finance

Audit Consultations

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Business | Recruiters remain cautious around hiring

Recruitment activity across the UK continues to soften with permanent job offers declining for the third month in a row

10 Jan 2023

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Business | How overseas property register works

As the deadline to register UK property owned by overseas owners approaches, David Rudge, head of UK at Zedra, explains the centrepiece of the Economic Crime Act

9 Jan 2023

Business | Carwash boss banned over £50k bounce back abuse

A carwash owner from Suffolk has been banned for 10 years after exaggerating his turnover fivefold to claim a £50,000 bounce back loan

9 Jan 2023

Tax | Former rugby player faces £230k tax bill over late IR35 appeal

Former professional rugby player, Michael Lynagh, has lost a First Tier Tribunal (FTT) after missing an appeal deadline over a disputed IR35 tax bill

9 Jan 2023

Tax | Pension deadline to top up national insurance approaches

A generous government scheme which allows people to fill historic gaps in their National Insurance record will come to an end in less than three months

9 Jan 2023

Business | What accountants can expect in 2023

John Edwards, chief executive of the Institute of Financial Accountants (IFA), reveals his key trends and predictions for accountants

9 Jan 2023

Business | Top restaurant groups profitable after four years

The UK’s top 100 restaurant groups reported £19.9m profit in 2022, the first positive contribution since before the pandemic

9 Jan 2023

Restructuring & Insolvency

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HR | Cost of living crisis knocks £2.1k off income

Typical household disposable income for working-age families will fall by 3% this financial year as tax thresholds are cut and energy prices remain high

9 Jan 2023

Careers

Business | MHA merges with Gerald Thomas

MHA has expanded its UK services by merging with Swansea-based accountancy firm Gerald Thomas

9 Jan 2023

Careers